This comes as both India and China are trying to woo Bangladesh for the Teesta River Comprehensive Management and Restoration project, led by Dhaka, that would manage the river’s water better.
Targets 20 countries of significance and six major sectors including engineering goods, textiles and apparels, electronics, pharmaceuticals, chemicals and plastics.
WPI inflation in June: The Ministry of Commerce & Industry said that the positive rate of inflation in June is primarily due to an increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc.
Unlike many Indian millionaires (and billionaires), Ambani’s choice of holding the events in India has given the local economy a boost. At the same time, the star-studded ceremonies have also given the family’s corporate brand -- Reliance -- a leg up on the global stage, say experts.
According to the ministry data, retail tomato price in Delhi was Rs 75/kg on July 12, down from Rs 150/kg in the year-ago period. In Mumbai, the price was Rs 83/kg, while Kolkata reported it at Rs 80/kg.
This includes corporate taxes of Rs 2.1 lakh crore and personal income tax of Rs 3.46 lakh crore. The personal income tax figure includes proceeds from securities transaction tax (STT).
"I have sought a detailed plan and feasibility report in 90 days. About 5,000 acres of land will be required for this project," said Chandrababu Naidu about the prospective petrochemical complex in Andhra Pradesh.
Wolf pointed out that for India to emulate China’s impressive economic growth from the two decades before 2012, it would need to significantly accelerate its GDP growth per head from the current 4.8% to 7.5% annually.
India's employment growth mainly comes from self-employment, unpaid work, and temporary farm hires, which are not equivalent to formal jobs, economists said.
The cost of home-cooked vegetarian thali increased by 10 per cent year-on-year due to a surge in prices of tomato, onion, and potato by 30 per cent, 46 per cent, and 59 per cent, respectively, as per a report by Crisil.
The release of the data follows a Citibank report last week that said growth of close to 7 percent will only create 8-9 million jobs in India, short of the 11-12 million needed. In its rebuttal issued on July 8, the government highlighted ‘several shortcomings’ in the report, which it claimed does not “analyse all official data sources".
The price rise could support the beleaguered Indian tea industry, which has been struggling with rising production costs amid a negligible rise in tea prices in the past decade.
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